34-67 New 128.0101 - 128.2702 enact income tax

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(lO) subsequent liability hereunder or, at his election, ~n8~ated on the return, such overpayment (or part thereof) shall be refunded, provided that no additional taxes or refunds of less than One Dollar ($1.00) shall be collected or refunded. Section 128.1302 Collection at Source (A) In accordance with Rules and Regulations prescribed by the Administrator, each employer within or doing business within the City of Lakewood shall deduct at the time of the pay ment of such salary, wages, commission or other compensation, the tax of one-half of one percent (~%) per annum of the gross salaries, wages, commissions or other compensation due by the said employer to said employee and shall, on or before the last day of the month following the close of each calendar quarter make a return and pay to the Administrator the amount of taxes so deducted, subject to the provisions of Subsections (C), (D), and (E) hereof. Said returns shall be on a. form or forms pre- scribed by or acceptable to the Administrator and shall be subject to the Rules and Regulations prescribed therefor by the Administrator. Such employer shall be liable for the pay- ment of the tax required to be deducted and withheld, whether or not such taxes have in fact been withheld. (B) Such employer in cbllecting said tax shall be deemed 'to hold the same, until payment is made by such employer to thc City of Lakewood, as a Trustee for the benefit of the City of Lakewood and any such tax collected by such employer from his employees, shall, until the same is paid to the City of Lakewoc be deemed a trust fund in the hands of such employer. (C) Such employer who deducts the tax in an amount of $250.00 or more in the first or second month of a calendar quarter shall, on or before the 20th day of the following mont~ pay to the Administrator the amount of taxes so deducted. (D) Such employer who makes such payments on a monthly basis for the first two months of a calendar quarter shall pay such tax deducted for the third month of a calendar quarter at the regular time for filing the employer's quarterly return of income tax withheld. (E) Said payments shall be on a form or forms furnished ~r obtainable from the Administrator upon request, setting fort the amount of tax deducted for the month. A receipted copy of ~uch form shall be returned to the employer to be attached to and filed with the employer's quarterly return of. income tax withheld. (F) No person shall be required to withhold the tax on wages or other compensation paid domestic servants employed by him exclusively in or about such person's residence, even though such residence is in the City of Lakewood but such employee shall be subject to all of the requirements of this Chapter. Section 128.1303 Declarations of Income Not Collected at Sour~ Every person who anticipates any taxable income which is not subject to Section 128.1302 hereof, or who engages in any business, profession, enterprise or activity subject to the taa imposed by Section 128.0501 hereof shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity together with the estimated tax due thereo~, if any; provided, however, if a person's income is wholly from wages from whi~] the tax will be withhel¢ and remitted to the City of Lakewood in accordance with Section 128.1302 hereof, such person need not file a declaratio.